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Latin American Economy & Business - April 2018 (ISSN 1741-7430)
Grenada: Large offshore oil find
Grenada’s prime minister, Dr Keith Mitchell, announced on 11 March (just a day before the islands’ general election in which his New National Party (NPP) won a clean sweep of parliamentary seats) that a “significant oil and gas find” had been located in the country’s waters. If subsequent exploration yields positive results, Grenada’s medium-term economic prospects could be significantly improved, with energy earnings aiding the fiscal position in particular.
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